The exchange rate regime does make a difference for inflation performance. It is difficult to infer its effect on growth, but policy variables, and other variables influencing economic activity, do have different effects on growth under different exchange-rate arrangements

The exchange rate regime does make a difference for inflation performance. It is difficult to infer its effect on growth, but policy variables - and other variables influencing economic activity - do have different effects on growth under different exchange-rate arrangements. To examine whether...

Der rapide Aufstieg Chinas ist das große Wirtschaftswunder der vergangenen drei Jahrzehnte. Seit 1978 befindet sich China in einem beispiellosen Modernisierungsprozess, in dem auch die Integration der ehemals wirtschaftlich nahezu isolierten Volkswirtschaft in die Weltwirtschaft erheblich...

The long-lasting, widespread COVID-19 pandemic has imposed huge challenges on public health as well as economic recovery. Governments must take an active role in designing and enforcing economic policies to address various problems that pure market forces cannot, such as externalities and the...